David F. Byrnes - Sep 13, 2024 Form 4 Insider Report for Sphere Entertainment Co. (SPHR)

Role
EVP, CFO & Treasurer
Signature
/s/ Mark C. Cresitello, Attorney-in-Fact for David F. Byrnes
Stock symbol
SPHR
Transactions as of
Sep 13, 2024
Transactions value $
-$321,624
Form type
4
Date filed
9/17/2024, 05:00 PM
Previous filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPHR Class A Common Stock Options Exercise $0 +2.47K $0.00 2.47K Sep 13, 2024 Direct F1
transaction SPHR Class A Common Stock Options Exercise $0 +4.66K +188.63% $0.00 7.14K Sep 13, 2024 Direct F2
transaction SPHR Class A Common Stock Options Exercise $0 +374 +5.24% $0.00 7.51K Sep 13, 2024 Direct F3
transaction SPHR Class A Common Stock Tax liability -$162K -3.83K -51.02% $42.23 3.68K Sep 13, 2024 Direct F4
transaction SPHR Class A Common Stock Options Exercise $0 +7.42K +201.6% $0.00 11.1K Sep 13, 2024 Direct F5
transaction SPHR Class A Common Stock Tax liability -$160K -3.79K -34.12% $42.23 7.31K Sep 13, 2024 Direct F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPHR Restricted Stock Units Options Exercise $0 -2.47K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 2.47K Direct F1
transaction SPHR Restricted Stock Units Options Exercise $0 -4.66K -49.99% $0.00 4.66K Sep 13, 2024 Class A Common Stock 4.66K Direct F2
transaction SPHR Restricted Stock Units Options Exercise $0 -374 -33.27% $0.00 750 Sep 13, 2024 Class A Common Stock 374 Direct F3
transaction SPHR Performance Restricted Stock Units Options Exercise $0 -7.42K -100% $0.00 0 Sep 13, 2024 Class A Common Stock 7.42K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") was granted on April 20, 2022 under the Sphere Entertainment Co. ("SPHR") 2020 Employee Stock Plan, as amended (the "2020 Employee Stock Plan"), and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2022. One-third of the RSUs vested and were settle on September 15, 2023. The remaining one-third of the RSUs vested and were settled on September 13, 2024.
F2 Each RSU was granted on August 31, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 15, 2023. One-third of the RSUs vested and were settled on September 13, 2024. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2025.
F3 Each RSU was granted on April 22, 2024 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. One-third of the RSUs vested and were settled on September 13, 2024. One-third of the RSUs are scheduled to vest and settle on September 15, 2025. The remaining one-third of the RSUs are scheduled to vest and settle on September 15, 2026.
F4 Represents RSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs described in footnotes 1, 2 and 3, exempt under Rule 16b-3.
F5 Each performance restricted stock unit ("PSU") was granted on April 20, 2022 under the 2020 Employee Stock Plan and represents a right to receive one share of Class A Common Stock or the cash equivalent thereof. The Compensation Committee of the Board of Directors of SPHR deemed such PSUs earned at 100% of target on March 27, 2024. The PSUs vested and were settled on September 13, 2024.
F6 Represents PSUs of SPHR withheld to satisfy tax withholding obligations in connection with the vesting and settlement of PSUs described in footnote 5, exempt under Rule 16b-3.